GBPUSD Technical Analysis – The tide seems to be turning ...Middle East

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GBPUSD Technical Analysis – The tide seems to be turning
Fundamental OverviewThe USD has been overall rangebound in the last couple of weeks. The last week’s strength might have been influenced more by quarter-end flows rather than something fundamental as the economic data didn’t change interest rates expectations. All else being equal, the data should continue to support the risk sentiment amid a pickup in growth without inflationary pressures, which could be a headwind for the greenback.The GBP, on the other hand, has been under pressure since the BoE policy decision but overall it’s been more of a strong US Dollar story. This week the greenback seems to be losing ground as a new month started. This weakness might extend further, so it will be

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